• Performance highlights *
    [Euro ‘000]20252025
    (Non-GAAP)    		20242024 (Non-GAAP)20232023 (Non-GAAP)20222022 (Non-GAAP)20212020
    Revenue from sales
    and services    		1.639.6401.643.9741,686,9431,648,8391,694,2471,694,6381,723,1031,720,8711,359,9761,224,793
    EBITDA439.500460.175407,342399,256411,122421,873335,250336,293310,952263,740
    EBITDA
    Margin %    		26,8%28,0%24.1%24.2%24.3%24.9%19.5%19.5%22.9%21.5%
    EBIT295.092327.548262,022266,687278,329299,231204,422214,749197,783157,173
    Net financial income
    (expense)    		(8.831)(2.540)22,87028,64212,38116,53032,01211,980(25,797)(14,615)
    Profit before taxes286.261325.008284,892295,329290,710315,761236,434226,728171,986142,558
    Income taxes(77.359)(76.095)(70,437)(58,804)(75,218)(78,673)(54,877)(46,833)(48,992)(33,195)
    Profit from
    continuing operations    		208.902248.91214,455236,525215,492237,088181,557179,895122,995109,363
    Profi (loss) from
    discontinued
    operations    		----------
    Profit for the year208.902248.914214,455236,525215,492237,088181,557179,895122,995109,363
    Profit attributable to the owners of the parent206.405245.947201,640223,846201,364223,322162,286161,203113,316102,008
    Profit margin %12,6%15,0%12.0%13.6%11.9%13.2%9.4%9.4%8.3%8.3%

    From April 2022 the Turkish economy is considered hyperinflationary according to the criteria set out in “IAS 29 - Financial Reporting in Hyperinflationary Economies”. Non-GAAP figures exclude both the impact of hyperinflation and the valuation of non-industrial property in Türkiye.

  • Financial highlights
    [Euro ‘000]202520242023202220212020
    Net capital employed1,509,9101,565,9481,433,2231,427,2721,267,9321,305,142
    Total assets2,853,2872,755,7242,522,1942,493,9762,111,0582,232,379
    Total equity1,974,9821,856,3841,650,8331,522,7731,227,5571,182,962
    Equity attributable to the owners of the parent1,853,0321,717,0311,503,0641,368,1831,088,1281,056,709
    Net financial debt (Net cash)(465,072)(290,436)(217,610)(95,501)40,375122,181

     

  • Profitability and financial structure ratios
     202520242023202220212020
    Return on equity(a)10.6%11.6%13.1%11,9%10.0%9.2%
    Return on capital employed(b)19.5%16.7%19.4%14,3%15.6%12.0%
    Equity ratio(c)69.1%66.9%64.9%60,3%57.7%52.7%
    Net gearing ratio(d)-23.6%-15.8%-13.3%-6.4%3.3%10.4%
    Net financial debt / EBITDA-1.1x-0.7x-0.5x-0.3x0.1x0.5x

    (a) Profit from continuing operations/ Total equity
    (b) EBIT / Net capital employed
    (c) Adjusted equity / Total assets
    (d) Net financial debt / Adjusted equity

  • Employees and investments
     202520242023202220212020
    Number of employees (at 31 Dec.)2,9873,0823,0453,0853,0832,995
    Acquisitions (Eur million)-44484.2-3.8-
    Investments (Eur million)121,8(e)171,3147.9122.699.185.9


    (e) Including investments accounted for in accordance with IFRS.

  • Volumes sold
    ('000)202520242023202220212020
    Grey and white cement (metric tons)11,05010,72210,67410,84911,15610,712
    Ready-mixed concrete (m3)4,3444,5634,2664,7985,0934,435
    Aggregates (t)10,40910,0669,40110,46211,05210,222

     

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